Saudi ELM Co reports Q3 net profit of SAR 778 million
According to Reuters, ELM posted third-quarter net profit of SAR 778 million on sales of SAR 2,791 million, with digital business revenue rising.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
According to Reuters, Saudi IT company ELM reported third-quarter net profit of SAR 778 million on sales of SAR 2,791 million. The company said digital business revenue increased, while revenue from business process outsourcing and professional services declined.
Cost lines were mixed. Operating expenses fell, including general and administrative expenses, expected credit loss expenses and research and development costs. Selling and marketing expenses and depreciation and amortization rose. Income from murabaha deposits and the share of results from associates and joint ventures both increased, finance costs decreased, and other income and zakat expense moved in the opposite directions.
why it matters
For investors, the key points are margin dynamics and the durability of the digital segment. The report covers a single company, so the main impact is likely on its shares and the Saudi IT sector rather than the broader market.
market impact
ELM: quarterly results affect the company's shares and the Saudi IT sector
tags
instruments
sources
- Elm Co Q3 Profit SAR 778 Million — Reuters, 1 November 2026 at 05:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗